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Can Non-QMs Make a Dent in Lost Volume

As Refis and Traditional Mortgage Applications Plummet, Can Non-QMs Make a Dent in Lost Volume?

With the gig economy booming, these unconventional loans are gaining popularity With interest rates rising and mortgage applications falling to 22-year lows, mortgage lenders have seen refi volume all but dry up. The boom that made 2021 a banner year for many has officially ended, leaving lenders grasping for other avenues to make up for …

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Curated Mortgage Intel with OpenClose June 2022

What’s the Recession Likelihood and How Will the Mortgage Market Be Impacted?

Experts weigh-in and we’ve curated their input Recession fears are looming as the Fed continues along its path to raise interest rates in an effort to dampen inflation.  But while prices have been increasing, does that mean a recession is imminent? Experts will tell you these things are historically tricky to predict. Powerhouse firms Goldman …

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Curated Mortgage Intel (CMI)

Expert Forecasts on the Housing Market for Mortgage Lenders and Homebuyers

Recently, the Fed raised interest rates by 50 basis points in what was the biggest rate increase since 2000, with additional hikes looming. On cue, mortgage rates spiked. But just how far will rates climb, and what will this mean for the mortgage market? To gain insights, we curated economist and housing market expert predictions …

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Vision and Experience

OpenClose: Our Vision and Experience Sets Us Apart

From the very beginning, OpenClose co-founders JP Kelly and Jason Regalbuto knew that building a competitive mortgage technology company meant they had to go above and beyond the standard when it comes to mortgage software. Twenty-two years later, OpenClose continues to distinguish itself as the premier mortgage software provider that not only develops and maintains …

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Mortgage Technology Solutions Eye On Technology

OpenClose Mortgage Technology Solutions Offer Customers a Competitive Advantage

When OpenClose started more than 20 years ago, we began with a commitment to provide mortgage software solutions that would stand the test of time. We wanted the technology we created to be accessible at any time, from anywhere, and we used our mortgage industry and technological expertise to do just that. Now, we continue …

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OpenClose Continues to Prioritize Customers with Growth-Friendly Pricing™

As a true mortgage technology partner, OpenClose prioritizes customers (even when it comes to pricing). It’s just one of the reasons why we have the highest Customer Loyalty! When OpenClose was just an idea on a napkin, co-founders JP Kelly and Jason Regalbuto realized that the existing mortgage technology business models prioritized the needs of …

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Overcoming the Challenges of a Mortgage Technology Switch

The switch to a new Mortgage Loan Origination System (LOS) contract presents inherent challenges, but with the right partner the rewards can outweigh your risks. OpenClose recognizes that providing excellent customer service and offering a topnotch and market-leading software solution like we do does not always immediately dispel potential customers’ hesitation to change their existing …

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How Important Are Omnichannel Solutions to Mortgage Providers

Modern-Day Homebuyers Demand and Deserve Omnichannel Mortgage Lending

Why you must unite online and offline consumer experiences to create a more integrated and digitally enabled customer experience Mortgage lenders have to consider evolving with consumer needs. Customers — in today’s day and age — demand increased flexibility and on-demand services as part of their modern digital experiences. What does this change entail for mortgage lenders or service providers who …

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